Alt Dominance can give us more insight on the direction than what BBTC dominance could do as the latter is still trading within the triangle identified in the linked idea.
Indeed we see what it seems to be a breakout of the triangle. Not very strong, actually the "price" is dragging itself beyond the trendline just staying stationary and because of time passing by. I would like to see a move that could confirm this breakout (or deny it as a false breakout). TO BE MONITORED THOUGH. In particular, I would watch this together with altmarketcap, which is flirting with a key level:
When I will see a breakout signal from this last chart too, I will call a potential alt season.
OK, but which kind of alts?
In the linked idea I explained why I think that after "shitcoins" pump lately, the eventual next alt season will involve mid alts and in turn top 10 alts, that have been staying steady while minor coins pumped.
Let me know what you think about alt season, which will be the coin involved and if there will be another one or we are still in the last one (just taking a break).
Cheers
Indeed we see what it seems to be a breakout of the triangle. Not very strong, actually the "price" is dragging itself beyond the trendline just staying stationary and because of time passing by. I would like to see a move that could confirm this breakout (or deny it as a false breakout). TO BE MONITORED THOUGH. In particular, I would watch this together with altmarketcap, which is flirting with a key level:
When I will see a breakout signal from this last chart too, I will call a potential alt season.
OK, but which kind of alts?
In the linked idea I explained why I think that after "shitcoins" pump lately, the eventual next alt season will involve mid alts and in turn top 10 alts, that have been staying steady while minor coins pumped.
Let me know what you think about alt season, which will be the coin involved and if there will be another one or we are still in the last one (just taking a break).
Cheers
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